How Building Detached Garages Effects Value
A second garage or outbuilding can substantially increase the resale value of your home. In Colorado, having extra space for storage, organization, and hobbies comes at a premium. Buyers are willing to fork over an extra $20,000 or more. The amount can be wrapped into a mortgage.
Garages consistently provide over 75% return on investment. While the kitchen may pay for itself completely, storage space is up there. Detached garages, however, need to blend with the existing buildings. That’s why we customize them. Our designers strive to complement the exterior of the existing home or barn. Even a metal building can be trimmed out with matching materials.
Detached Garages versus Attached Garages
A detached garage is freestanding. Unlike an attached garage which is completely attached, a detached garage will be several feet away. It can be connected to a home over a courtyard or bridge. Small narrow lots and lower cost have contributed to the prevalence of attached garages. Because the garage door opens directly into the home, studies show a certain level of fumes in homes today.
On the other hand, free-standing garages have become popular in the modern era because there is a trend to put the garage back away from the home where it is accessible from a back alley. Homeowners then create an ADU on the second story of the garage. It may be a guest house or an income-producing addition. So, if you have a property with the back alley access, you may not need to wait for the sale of the home to produce income that pays for it.
Custom Garage Enhancements
There are garages and there are Garages. If you need garage space, consider adding value-enhancing upgrades. Buyers will notice. They cannot help it when they open the smooth, top-quality overhead door. Upgrade the floor and add wall storage cabinets. Design elements like Dutch sliding doors speak Western. Skylights and windows eliminate the dungeon look. Who would know it’s a garage when you pull out the RV and roll out a portable stage? And that’s just a few extras to help you spend more time on your creative activities.
Heat and Air Conditioning
Climate controlled spaces may add to the cost, but they sure do improve the flexibility of any detached garage over time. Quality insulation, passive energy solutions such as oversized overhead doors and windows for airflow, and other improvements can ensure the detached residential garage will be favored by future buyers. Sufficient heat and air conditioning may be unseen, but it’s certainly felt.Increase Property Value vs. ROI
Remember that the property value is one thing. To determine the ROI or return on investment, subtract the cost of your detached garage from the expected home value increase to determine if you can expect a net gain. Adding a pool, finishing a basement, adding an additional bedroom or bath, can bring you over 5% return. But so does adding living space. Really, the market will determine how much any home improvement can bring. But a beautiful new flexible garage space brings much more.
Design for Your Own Needs
For your use today, simply design the extra square footage for your needs. The extra detached garage will optimize your property values. All our pole buildings are easy to maintain and that’s one of the most essential qualities of a detached garage. No one is looking for more space to landscape or keep clean. So, it’s important to spend the time to get the design right, the time that will save maintenance work later.
Future buyers will pay for your thoughtfulness. Perhaps a future buyer would add a loft or guest studio and your custom design could accommodate future ideas with simple adjustments. Roof pitch adds the ability to create a hayloft area or mezzanine. Oh, and how about a stable on the backend?
Colorado Builders Specializing in Outbuildings
For information about Colorado pole building garages for Storage and Hobbies, contact Sapphire Construction, Inc. at (303) 619-7213. Our team custom designs each building using high-quality, engineer-tested materials from Lester Buildings.
JUN
2022
About the Author:
Allen Randa is a second generation Master Carpenter and Owner of Sapphire Construction Inc. Allen personally manages each project from beginning to end. That includes the first meeting, the estimate, the contract and architectural designs.